Go Back   English Forum Switzerland > Living in Switzerland > Swiss politics/news  
Reply
 
Thread Tools Display Modes
  #41  
Old 24.04.2012, 18:57
JBZ86's Avatar
Forum Legend
 
Join Date: Oct 2010
Location: Zurich and various mountains
Posts: 3,709
Groaned at 520 Times in 337 Posts
Thanked 4,258 Times in 1,944 Posts
JBZ86 has a reputation beyond reputeJBZ86 has a reputation beyond reputeJBZ86 has a reputation beyond reputeJBZ86 has a reputation beyond reputeJBZ86 has a reputation beyond repute
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Those stock options and bonuses were never going to be sustainable
Reply With Quote
  #42  
Old 24.04.2012, 21:59
Wollishofener's Avatar
Forum Legend
 
Join Date: Jun 2009
Location: Glattbrugg
Posts: 18,978
Groaned at 332 Times in 257 Posts
Thanked 11,716 Times in 6,858 Posts
Wollishofener has a reputation beyond reputeWollishofener has a reputation beyond reputeWollishofener has a reputation beyond reputeWollishofener has a reputation beyond reputeWollishofener has a reputation beyond reputeWollishofener has a reputation beyond repute
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
It's been common knowledge for a long time, hardly a mega surprise as the CHF is so high.......
Trying to earn a living in the film business over the last 5 years has been like hitting your head against a brick wall, they can go to London, Paris or Munich for 60% of the overall cost, why use people living in CH.
-
Merck according to news on Swiss TV had to decide between Darmstadt and Geneva and as a German company decided in favour of the German place. Looks as if the only remaining place on the Lake of Geneva is a production facility in Aubonne.

Quote:
View Post
UPDATE

From todays article, MS is totally closing Geneva site....1300 employees off

http://www.tdg.ch/geneve/actu-genevo...story/13912171
Indeed. Interesting for experts will be what competitioners will try to capture laid off people. I suppose that many who got the invitation to move to Darmstadt or Boston will leave the company. A good chance for interested companies in the Geneva region to hire qualified personnel.
Reply With Quote
  #43  
Old 25.04.2012, 00:42
Junior Member
 
Join Date: Jan 2010
Location: GE
Posts: 69
Groaned at 0 Times in 0 Posts
Thanked 19 Times in 14 Posts
paysdoufs has slipped a little
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
-
I suppose that many who got the invitation to move to Darmstadt or Boston will leave the company. A good chance for interested companies in the Geneva region to hire qualified personnel.
AFAIK, many of the "good ones" were already headhunted and left MS over the last couple of months (when the situation already degraded: cladribine, cryptic communications, hiring freeze...)

As to your second remark: There simply is no life science company in Romandie that could possibly absorb a couple hundred of these layoffs...
Reply With Quote
  #44  
Old 25.04.2012, 01:39
Wollishofener's Avatar
Forum Legend
 
Join Date: Jun 2009
Location: Glattbrugg
Posts: 18,978
Groaned at 332 Times in 257 Posts
Thanked 11,716 Times in 6,858 Posts
Wollishofener has a reputation beyond reputeWollishofener has a reputation beyond reputeWollishofener has a reputation beyond reputeWollishofener has a reputation beyond reputeWollishofener has a reputation beyond reputeWollishofener has a reputation beyond repute
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
AFAIK, many of the "good ones" were already headhunted and left MS over the last couple of months (when the situation already degraded: cladribine, cryptic communications, hiring freeze...)

As to your second remark: There simply is no life science company in Romandie that could possibly absorb a couple hundred of these layoffs...
A) I am sorry but I as most people in the "Suisse Alémanique" were not aware of how lousy off Serono-Merck apparently was
B) when Swissair broke down, hundreds of former Swissair folks were taken over by other sectors, mostly of the transport industry, and when the banks reduced their workforce, companies related to financial services including insurance-companies rushed to capture the "redundant" people
B-2) when thinking about chemical industries in the Romandie, I admittedly find it difficult to name companies, but I can imagine that companies like Givaudan and Nestlé and many smaller companies in the region may appreciate a situation where they can practically "pick" new employees. Back to the example above, many Swissair folks found work in companies with less than a dozen employees
B-3) let's realize that Merck-Serono leaves facilities and personnel behind. I have just checked the locations of M-S International and two facilities of Merck-Serono SA, which all three are in tremendous places
Reply With Quote
  #45  
Old 25.04.2012, 07:48
Forum Legend
 
Join Date: Jan 2007
Location: Geneva
Posts: 5,521
Groaned at 123 Times in 108 Posts
Thanked 3,297 Times in 1,737 Posts
Shorrick Mk2 has a reputation beyond reputeShorrick Mk2 has a reputation beyond reputeShorrick Mk2 has a reputation beyond reputeShorrick Mk2 has a reputation beyond reputeShorrick Mk2 has a reputation beyond reputeShorrick Mk2 has a reputation beyond repute
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
B-2) when thinking about chemical industries in the Romandie, I admittedly find it difficult to name companies, but I can imagine that companies like Givaudan and Nestlé and many smaller companies in the region may appreciate a situation where they can practically "pick" new employees. Back to the example above, many Swissair folks found work in companies with less than a dozen employees
Stop imagining. Nobody is hiring in life sciences (or related industries).
Reply With Quote
The following 4 users would like to thank Shorrick Mk2 for this useful post:
  #46  
Old 25.04.2012, 08:55
Dack Rambo's Avatar
Forum Legend
 
Join Date: Mar 2010
Location: Switzerland
Posts: 2,959
Groaned at 191 Times in 118 Posts
Thanked 1,924 Times in 947 Posts
Dack Rambo has an excellent reputationDack Rambo has an excellent reputationDack Rambo has an excellent reputationDack Rambo has an excellent reputation
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
I have just checked the locations of M-S International and two facilities of Merck-Serono SA, which all three are in tremendous places
ideal locations for more UN bureaucrats
Reply With Quote
This user would like to thank Dack Rambo for this useful post:
  #47  
Old 25.04.2012, 10:31
Forum Legend
 
Join Date: May 2006
Location: Near Geneva
Posts: 3,173
Groaned at 34 Times in 28 Posts
Thanked 4,089 Times in 1,815 Posts
Anjela has a reputation beyond reputeAnjela has a reputation beyond reputeAnjela has a reputation beyond reputeAnjela has a reputation beyond reputeAnjela has a reputation beyond reputeAnjela has a reputation beyond repute
Re: Merck Serono layoffs

Quote:
View Post
On everyone yes, on research not.
Trend in big Pharma: Joint Venture with (or buy) smaller & leaner researchers.
More bang for the buck with independent research.
Hubbie's in research, so the above just isn't not true.

It might be OK for the young bloods with no family, able to up sticks and move to the States or Germany, but for those of us who are at the stage of 'coasting' towards what was supposed to be a well-earned retirement it's cataclysmic.
Reply With Quote
The following 2 users would like to thank Anjela for this useful post:
  #48  
Old 25.04.2012, 10:45
Dack Rambo's Avatar
Forum Legend
 
Join Date: Mar 2010
Location: Switzerland
Posts: 2,959
Groaned at 191 Times in 118 Posts
Thanked 1,924 Times in 947 Posts
Dack Rambo has an excellent reputationDack Rambo has an excellent reputationDack Rambo has an excellent reputationDack Rambo has an excellent reputation
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Being unemployed is difficult to deal with. Will any counseling be on offer to help laid off workers cope with their new situation?
Reply With Quote
This user would like to thank Dack Rambo for this useful post:
  #49  
Old 25.04.2012, 12:09
Forum Legend
 
Join Date: May 2006
Location: Near Geneva
Posts: 3,173
Groaned at 34 Times in 28 Posts
Thanked 4,089 Times in 1,815 Posts
Anjela has a reputation beyond reputeAnjela has a reputation beyond reputeAnjela has a reputation beyond reputeAnjela has a reputation beyond reputeAnjela has a reputation beyond reputeAnjela has a reputation beyond repute
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
Being unemployed is difficult to deal with. Will any counseling be on offer to help laid off workers cope with their new situation?
In theory they're bringing in councellors and psychologists for a couple of weeks, although how helpful they'll be remains to be seen. Too many at one time. A really bitter pill is that many of us have already been through this with first Bio-gen, then Glaxo.

There are a lot of older people involved who'll be 'un-employable'; too old, un-willing or un-able to move due to family commitments. Also younger ones who've just settled their families into Geneva life and in many cases have bought houses recently.
Everyone was lead to believe that there would be some lay-offs as the company was streamlined (120-130), not this. However a few suspicions had been raised by the number of higher placed rats who'd deserted the ship over the past year.
Reply With Quote
This user would like to thank Anjela for this useful post:
  #50  
Old 25.04.2012, 12:11
Forum Veteran
 
Join Date: Jul 2008
Location: -
Posts: 1,640
Groaned at 26 Times in 22 Posts
Thanked 2,932 Times in 1,202 Posts
Russkov has a reputation beyond reputeRusskov has a reputation beyond reputeRusskov has a reputation beyond reputeRusskov has a reputation beyond reputeRusskov has a reputation beyond reputeRusskov has a reputation beyond repute
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Bon courage to Anjela and everyone involved. This is just terrible.
Reply With Quote
This user would like to thank Russkov for this useful post:
  #51  
Old 25.04.2012, 12:27
KeinFranzösisch's Avatar
Forum Veteran
 
Join Date: Dec 2010
Location: Washington, DC
Posts: 2,198
Groaned at 63 Times in 38 Posts
Thanked 2,549 Times in 1,115 Posts
KeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond repute
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
Stop imagining. Nobody is hiring in life sciences (or related industries).
...and I wish folks would cease from calling these industries in CH "Life Sciences" because they're not that broad. They're very narrowly focused and the interest is only chemical and molecular.

As an ecologist, it was pissing me off to no end when headhunters were calling me up and trying to pigeon hole me to go work at Novartis or Roche because I had a "Life Science" degree. Um... yes... but not that kind.

But... true... nobody is hiring in Life Sciences. When it comes down to it, they all place much more value on an MBA than they do an MSc.
__________________
I would sooner have you hate me for telling you the truth than adore me for telling you lies. - Pietro Aretino
Reply With Quote
This user would like to thank KeinFranzösisch for this useful post:
  #52  
Old 25.04.2012, 13:35
Junior Member
 
Join Date: Jan 2010
Location: GE
Posts: 69
Groaned at 0 Times in 0 Posts
Thanked 19 Times in 14 Posts
paysdoufs has slipped a little
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
...and I wish folks would cease from calling these industries in CH "Life Sciences" because they're not that broad. They're very narrowly focused and the interest is only chemical and molecular.

As an ecologist, it was pissing me off to no end when headhunters were calling me up and trying to pigeon hole me to go work at Novartis or Roche because I had a "Life Science" degree. Um... yes... but not that kind.

But... true... nobody is hiring in Life Sciences. When it comes down to it, they all place much more value on an MBA than they do an MSc.
I'm not sure what your comment is supposed to add to the discussion, but:

- Everyone in this industry, i.e. worldwide, has adopted the term "life science"; feel free to use "biomedical" if this pleases you better...

- As an ecologist, you might one day, in hindsight, consider yourself lucky that headhunters actually called you up to offer you a job in industry; except if your objective has always been to become a state-employed civil servant (which includes university).

- For research, life science companies tend to consider a PhD to be the minimum admission ticket. So these are the people you are competing with when you only hold a miserable (Sorry...) MSc!

- However, having a MBA as well might help since there are not so many PhD-MBA around (or MSc-MBA, for that matter).

Moralité: Be careful when judging things you do not know well...
Reply With Quote
The following 2 users would like to thank paysdoufs for this useful post:
  #53  
Old 25.04.2012, 13:39
Junior Member
 
Join Date: Jan 2010
Location: GE
Posts: 69
Groaned at 0 Times in 0 Posts
Thanked 19 Times in 14 Posts
paysdoufs has slipped a little
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

The press suggests that Merck, when acquiring Serono in 2006, has negotiated tax breaks with the GVA government for a 5-year period.

2006 + 5 = 2011... Can anyone offer any insight into this?

If it is true, than it should make some "décideurs" in GVA realize that just offering tax breaks is not enough to compensate all the "cons" that speak against GVA (cost of living, housing, traffic, subliminal xenophobia...)
Reply With Quote
  #54  
Old 25.04.2012, 13:47
Dack Rambo's Avatar
Forum Legend
 
Join Date: Mar 2010
Location: Switzerland
Posts: 2,959
Groaned at 191 Times in 118 Posts
Thanked 1,924 Times in 947 Posts
Dack Rambo has an excellent reputationDack Rambo has an excellent reputationDack Rambo has an excellent reputationDack Rambo has an excellent reputation
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Geneva is overcrowded and too expensive, this is a separate issue though to the troubles faced by those who will be laid off.
Reply With Quote
  #55  
Old 25.04.2012, 13:54
KeinFranzösisch's Avatar
Forum Veteran
 
Join Date: Dec 2010
Location: Washington, DC
Posts: 2,198
Groaned at 63 Times in 38 Posts
Thanked 2,549 Times in 1,115 Posts
KeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond repute
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
- As an ecologist, you might one day, in hindsight, consider yourself lucky that headhunters actually called you up to offer you a job in industry; except if your objective has always been to become a state-employed civil servant (which includes university).
Do you look down your nose at public service?
Reply With Quote
The following 2 users would like to thank KeinFranzösisch for this useful post:
  #56  
Old 25.04.2012, 16:12
Junior Member
 
Join Date: Jan 2010
Location: GE
Posts: 69
Groaned at 0 Times in 0 Posts
Thanked 19 Times in 14 Posts
paysdoufs has slipped a little
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
Do you look down your nose at public service?
Nope. But I found that your post was conveying its fair share of condescendence towards the private sector.

Still: No value creation in the private sector, no money for public services. Plain simple. Unfortunately, even high-ranked politicians in GVA tend to forget this simple rule...

@Wollishofener (point A): I do not believe that the Merck group is worse off than other big pharma. It's just that the pressure on publicly listed pharma companies continues to be tremendous. Investors seem to have troubles to accept that within the given macroeconomic environment a 20% return (ROS) is not sustainable for big pharma. But we'll probably eventually get there and a return of 10-15% will be considered fine.
Reply With Quote
  #57  
Old 25.04.2012, 17:18
Forum Veteran
 
Join Date: Dec 2005
Location: ZH
Posts: 1,184
Groaned at 15 Times in 13 Posts
Thanked 77 Times in 72 Posts
danny has earned some respectdanny has earned some respect
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
...and I wish folks would cease from calling these industries in CH "Life Sciences" because they're not that broad. They're very narrowly focused and the interest is only chemical and molecular.

As an ecologist, it was pissing me off to no end when headhunters were calling me up and trying to pigeon hole me to go work at Novartis or Roche because I had a "Life Science" degree. Um... yes... but not that kind.

But... true... nobody is hiring in Life Sciences. When it comes down to it, they all place much more value on an MBA than they do an MSc.

really ? I thought pharma is always hiring if you look at the job boards, especially in the area of research. Too few scientists, too many MBA's.
Reply With Quote
  #58  
Old 25.04.2012, 17:21
Forum Veteran
 
Join Date: Dec 2005
Location: ZH
Posts: 1,184
Groaned at 15 Times in 13 Posts
Thanked 77 Times in 72 Posts
danny has earned some respectdanny has earned some respect
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
In theory they're bringing in councellors and psychologists for a couple of weeks, although how helpful they'll be remains to be seen. Too many at one time. A really bitter pill is that many of us have already been through this with first Bio-gen, then Glaxo.

There are a lot of older people involved who'll be 'un-employable'; too old, un-willing or un-able to move due to family commitments. Also younger ones who've just settled their families into Geneva life and in many cases have bought houses recently.
Everyone was lead to believe that there would be some lay-offs as the company was streamlined (120-130), not this. However a few suspicions had been raised by the number of higher placed rats who'd deserted the ship over the past year.
Biogen and Glaxo ? When did they go through a similar thing ? Geneva is more of an expat town, so am not sure about how many families have 'settled' there, except for the folks born and raised there of course.
Reply With Quote
  #59  
Old 25.04.2012, 17:24
Forum Veteran
 
Join Date: Dec 2005
Location: ZH
Posts: 1,184
Groaned at 15 Times in 13 Posts
Thanked 77 Times in 72 Posts
danny has earned some respectdanny has earned some respect
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
I'm not sure what your comment is supposed to add to the discussion, but:

- Everyone in this industry, i.e. worldwide, has adopted the term "life science"; feel free to use "biomedical" if this pleases you better...

- As an ecologist, you might one day, in hindsight, consider yourself lucky that headhunters actually called you up to offer you a job in industry; except if your objective has always been to become a state-employed civil servant (which includes university).

- For research, life science companies tend to consider a PhD to be the minimum admission ticket. So these are the people you are competing with when you only hold a miserable (Sorry...) MSc!

- However, having a MBA as well might help since there are not so many PhD-MBA around (or MSc-MBA, for that matter).

Moralité: Be careful when judging things you do not know well...
Absolutely these days the PhD is the minimum admission ticket, I can confirm that for research jobs. MBA's are a dime a dozen.
Reply With Quote
  #60  
Old 25.04.2012, 18:27
Forum Legend
 
Join Date: May 2006
Location: Near Geneva
Posts: 3,173
Groaned at 34 Times in 28 Posts
Thanked 4,089 Times in 1,815 Posts
Anjela has a reputation beyond reputeAnjela has a reputation beyond reputeAnjela has a reputation beyond reputeAnjela has a reputation beyond reputeAnjela has a reputation beyond reputeAnjela has a reputation beyond repute
Re: Merck Serono layoffs - up to 900 redundancies in Geneva

Quote:
View Post
Biogen and Glaxo ? When did they go through a similar thing ? Geneva is more of an expat town, so am not sure about how many families have 'settled' there, except for the folks born and raised there of course.
Yupe, been there, went through the whole process. Twice.
Biogen was sold to Glaxo about 25 years ago I think, then the Glaxo close-down was about 14-15 years ago; they closed the whole site, swore blind there was no chance at all of them selling.... and then sold the Geneva branch lock, stock and barrel to Serono a couple of months later.
I know a LOT of british and american families (amongst other nationalities) who've moved here and settled long-term; not only in pharmacuticals, but academia as well. They may not stay as long as we have, but a lot of them for ten years or more.
Reply With Quote
The following 2 users would like to thank Anjela for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
banking redundancies on the way Dack Rambo Swiss politics/news 1 28.08.2011 22:00
Layoffs in Switzerland Breezy Employment 6 15.12.2008 17:00


All times are GMT +2. The time now is 15:51.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0